Allied Sustainability and Environmental Consultants Group Limited (Stock Code: 8320) announced on 26 January 2026 that it has signed a non-legally binding strategic cooperation agreement with 共建新能源(深圳)集團有限公司. The collaboration focuses on hydrogen power business, including feasibility studies, technology and application research, and leveraging industry resources for hydrogen power development.

The two parties aim to explore setting up joint ventures for hydrogen-powered vehicle investments and sales, one in Hong Kong serving as a platform for overseas operations and promotions, and another in Mainland China for project development. The Business Partner brings expertise in hydrogen power technologies, products, and market networks, while the Group has experience in capital markets and international environmental consultancy. The Company highlights China’s 15th Five-Year Plan, which identifies hydrogen power as an essential component for future industry and energy systems, and expects the cooperation to help capture emerging market opportunities in hydrogen-powered vehicles.